Canada’s ICT market is projected to grow from USD 136.69 billion in 2025 and USD 146.42 billion in 2026 to USD 206.47 billion by 2031, representing a 7.12% compound annual growth rate from 2026 to 2031. ResearchAndMarkets.com identifies generative artificial intelligence investment, cloud migration, broadband expansion, cybersecurity requirements and broader enterprise digital adoption as key growth drivers. A USD 2.4 billion federal AI package is supporting ecosystem development, although only 26% of Canadian enterprises have adopted AI tools, compared with 34% globally. Microsoft’s planned USD 80 billion AI-enabled region is estimated to generate USD 187 billion in economic output by 2030. The USD 3.2 billion Universal Broadband Fund is targeting 98% national coverage by 2026, while technology-talent shortages remain a constraint. IT software represented 32.80% of market revenue in 2025, cybersecurity is forecast to be the fastest-growing segment with a 10.85% CAGR, and SME ICT spending is forecast to exceed USD 73.6 billion by 2031.